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1131 Olympic Dr

26,124 SF 100% Leased Industrial Building Corona, CA 92881 $10,254,164 CAD ($393 CAD/SF) 5.25% Cap Rate

Investment Highlights

  • Ideal 1031 exchange with A 5.25% Cap Rate Guaranteed is based on the current lease rent and reimbursement
  • Free Standing Building ( no shared wall) with Fenced Yard including 6-8 trailer parking spaces
  • The current tenant has 26 locations nationwide and plans to get a longer lease
  • Seller may carry a senior loan
  • 2 Loading Dock High Doors and 2 Ground Doors.

Executive Summary

Investment opportunity, Ideal for 1031, not for owner user.
A 5.25% Cap Rate Guaranteed is based on the lease rent and reimbursement. Contact the Listing Broker for details.
Total two units: unit #1 includes both a warehouse and offices, while Unit #2 is solely an office space
Free Standing Building ( There is a gap between the two building walls. no shared wall). Private Fenced Yard with 6-8 trailer-parking spaces. Total 3 restrooms including 1 restroom in the warehouse area and 2 restrooms in the office area. Total Office size: 3393 sqft. Clear Height: 22-24 feet.

Data Room Click Here to Access

Property Facts

Price $10,254,164 CAD
Price Per SF $393 CAD
Sale Type Investment
Cap Rate 5.25%
Sale Conditions Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Flex Showroom
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 1.29 AC
Rentable Building Area 26,124 SF
No. Stories 2
Year Built 1990
Parking Ratio 1.46/1,000 SF
Clear Ceiling Height 24 ft
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
  • Mezzanine
  • Skylights
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
107-160-065
Land Assessment
$1,289,244 CAD
Improvements Assessment
$4,106,452 CAD
Total Assessment
$5,395,695 CAD

zoning

Zoning Code M-4 (Heavy Industrial)
M-4 (Heavy Industrial)
  • Listing ID: 33512317

  • Date on Market: 2024-01-02

  • Last Updated:

  • Address: 1131 Olympic Dr, Corona, CA 92881

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